Funding you earn now, next payment 11:00 UTC−0.0370%/8h= −40.6% APRpaid last 24h −0.049%
Price spread now: BloFin against Hibachi−0.077%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$210.214% of the position
Funding, last 7 days−0.326%−$33 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.077%, 7d avg −0.047%
=Together, before fees−0.337%+ Points / potential airdropHibachi: Active · farm board−$34 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BloFin is 0.030% cheaper against Hibachi than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.047%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi BTC/USDT-P | 85,880.4 | 0.0336 | pay 0.0042% / 1h | 28m 39s | $712K | $6.7M | 30x |
| Short | BloFin BTC-USDT | 85,814.7 | −0.0034 | pay 0.0034% / 8h | 5h 28m | $422.1M | $553.5M | 150x |
Hibachi BTC/USDT-P
BloFin BTC-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$77.79
- Price spread: −0.077% → −0.047%
- −$2.96
- Slippage, 4 orders
- −$0.39
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$102.14
- Costs to cover
- 0.214%
- Break-even
- never at this rate
Slippage from Hibachi: live order book, 4 min ago; BloFin: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hibachi live order book, 4 min ago | 0.01 bp | 4.8 bp −$5 | 5.6 bp −$56 | 41.0 bp −$4,098 | doesn't fit |
| Sell BloFin live order book, 4 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.0 bp −$601 | 7.3 bp −$3,642 |
BTC on 55 exchanges
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix BTC | −0.0133% | 1h | 85,846 | −0.040% | $2.0M | $7.8M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 86,110 | +0.267% | $8K | $2K | 50x | as long as short |
| 01 Exchange BTCUSD | −0.0048% | 1h | 85,825.8 | −0.064% | $366K | $2.0M | 50x | as long as short |
| SoDEX BTC-USD | −0.0039% | 1h | 85,824 | −0.066% | $65.8M | $187.8M | 40x | as long as short |
| BloFin BTC-USDTshort | −0.0034% | 8h | 85,814.7 | −0.077% | $422.1M | $553.5M | 150x | |
| dYdX BTC-USD | 0.0000% | 1h | 85,865.6 | −0.017% | $16.8M | $14.1M | 50x | as long as short |
| Perpl BTC | 0.0000% | 43m | 85,839 | −0.048% | $470K | $13.5M | 6.7x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,862.8 | −0.020% | $36.7M | — | 200x | as long as short |
| Injective BTC/USDC PERP | +0.0009% | 1h | 85,854 | −0.031% | $300K | $27.7M | 52x | as long as short |
| Aster BTCUSDT | +0.0017% | 8h | 85,785.1 | −0.111% | $511.0M | $868.2M | 200x | as long as short |
Phoenix BTC
Hotstuff BTC-PERP
01 Exchange BTCUSD
SoDEX BTC-USD
dYdX BTC-USD
Perpl BTC
gTrade (Gains Network) BTC/USD
Injective BTC/USDC PERP
Aster BTCUSDTShow all 55 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XBTUSD | +0.0030% | 1h | 85,836.4 | −0.051% | $192.4M | $757.2M | 100x | as long as short |
| Popdex BTCUSDT | +0.0032% | 1h | 85,821 | −0.069% | $8.5M | $45.5M | 100x | as long as short |
| BingX BTC-USDT | +0.0032% | 8h | 85,791.1 | −0.104% | — | $1.32B | — | as long as short |
| Bybit BTCUSDT | +0.0042% | 8h | 85,791.1 | −0.104% | $5.13B | $8.08B | 150x | as long as short |
| Bluefin BTC-PERP | +0.0044% | 1h | 85,870.6 | −0.011% | $194K | $556K | 40x | as long as short |
| KuCoin XBTUSDTM | +0.0053% | 8h | 85,782.8 | −0.114% | $934.5M | $638.8M | 125x | as long as short |
| Gate BTC_USDT | +0.0063% | 8h | 85,790.4 | −0.105% | $5.50B | $8.96B | 200x | as long as short |
| Phemex BTCUSDT | +0.0071% | 8h | 85,817.7 | −0.073% | $169.0M | $476.7M | 150x | as long as short |
| ApeX Omni BTCUSDT | +0.0076% | 1h | 85,854.8 | −0.030% | $137.9M | $289.7M | 100x | as long as short |
| HTX BTC-USDT | +0.0078% | 8h | 85,809.5 | −0.083% | $2.27B | $798.1M | 200x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,810.8 | −0.081% | $2.4M | $6.8M | 20x | as long as short |
| Binance BTCUSDT | +0.0084% | 8h | 85,782.4 | −0.114% | $9.40B | $20.41B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,783.2 | −0.113% | $5.15B | $4.87B | 500x | as long as short |
| Bullet BTC-USD | +0.0086% | 1h | 85,828 | −0.061% | $209K | $3.2M | 20x | as long as short |
| Bitget BTCUSDT | +0.0088% | 8h | 85,793.3 | −0.101% | $2.98B | $3.93B | 150x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,804.8 | −0.088% | $172.5M | $863.5M | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,808.9 | −0.083% | $23.6M | $120.7M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0097% | 8h | 85,848.6 | −0.037% | $215.7M | $134.0M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,765 | −0.134% | $216K | $8.0M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,824.2 | −0.065% | $6.0M | $7.3M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 85,832.2 | −0.056% | $23.5M | $193.3M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,830.5 | −0.058% | $40.0M | $569.9M | 50x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,805 | −0.088% | $2.62B | $9.39B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,827 | −0.062% | $3.9M | $14.9M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,807.9 | −0.084% | $4.8M | $91.2M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,790 | −0.105% | $37.9M | $195.1M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,827.8 | −0.061% | $157.4M | $475.6M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,819.9 | −0.070% | $289.2M | $765.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,843.9 | −0.043% | $30.2M | $225.0M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,879.5 | −0.001% | — | $10.0M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 85,826 | −0.063% | $11.1M | $12.0M | 50x | as long as short |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,816.9 | −0.074% | $2.6M | $8.9M | 100x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,834.7 | −0.053% | $3.3M | $6.7M | 100x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,956.9 | +0.089% | $714.6M | $116.2M | 40x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,759.6 | −0.141% | $47.0M | $193.6M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0056% | 1h | 85,846.2 | −0.040% | — | $80.9M | 500x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0120% | 1h | 85,865 | −0.018% | $112.2M | $4.94B | 50x | as long as short |
| Hyperliquid BTC | +0.0153% | 1h | 85,882 | +0.002% | $3.95B | $4.28B | 40x | as long as short |
| Kalshi KXBTCPERP | +0.0158% | 8h | 85,867 | −0.016% | $12.0M | $738.3M | 6.4x | as long as short |
| Reya BTCRUSDPERP | +0.0166% | 1h | 85,825.5 | −0.064% | $6.6M | $131.1M | 40x | as long as short |
| RISEx BTC/USDC | +0.0187% | 1h | 85,815.3 | −0.076% | $8.9M | $36.3M | 25x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0212% / S −0.0254% | 1h | 85,838.7 | −0.048% | $15.6M | — | 200x | as long as short |
| Deribit BTC-PERPETUAL | +0.0230% | 1h | 85,881.7 | +0.001% | $819.8M | $1.51B | 50x | as long as short |
| Hibachi BTC/USDT-Plong | +0.0336% | 1h | 85,880.4 | long leg | $712K | $6.7M | 30x | |
| Aftermath Perps BTCUSD | +0.0425% | 1h | 85,906.4 | +0.030% | $79K | $241K | 20x | as long as short |
Kraken Futures PF_XBTUSD
Popdex BTCUSDT
BingX BTC-USDT
Bybit BTCUSDT
Bluefin BTC-PERP
KuCoin XBTUSDTM
Gate BTC_USDT
Phemex BTCUSDT
ApeX Omni BTCUSDT
HTX BTC-USDT
Aevo BTC-PERP
Binance BTCUSDT
MEXC BTC_USDT
Bullet BTC-USD
Bitget BTCUSDT
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Nado BTC-PERP
Pacifica BTC
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Orderly PERP_BTC_USDC
SunX BTC-USDT
Bulk BTC-USD
Extended BTC-USD
Jupiter Perps WBTC-PERP
Coinbase International BTC-PERP-INTX
Hyperliquid BTC
Kalshi KXBTCPERP
Reya BTCRUSDPERP
RISEx BTC/USDC
GMX BTC/USD [WBTC.b-USDC]
Deribit BTC-PERPETUAL
Aftermath Perps BTCUSD